Definition of "pledgee" []

• A person to whom something is pledged. (noun)
• A person with whom something is deposited as a pledge. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The point that this particular 'pledgee' endured several 'attacks' by her future 'sorors' and never reported it until after she was initiated as a member."
• "In this case the pledgee is bound to use ordinary diligence in guarding the thing pledged."
• "The Servian action is that by which a landlord sues for his tenant's property, over which he has a right in the nature of mortgage as security for his rent; the quasi-Servian is a similar remedy, open to every pledgee or hypothecary creditor."